Brandtree

Divestiture closed

Constellation Brands acquires Corona (United States) and 2 other brands (2013)

Constellation Brands completed the acquisition of Corona (United States) and 2 other brands on 7 June 2013 for $4.75 billion, buying from AB InBev and Grupo Modelo.[1]

To settle the Department of Justice lawsuit blocking AB InBev's acquisition of Grupo Modelo, AB InBev sold Constellation Brands the perpetual rights to Corona, Modelo Especial and Pacífico in the United States, together with the Piedras Negras brewery. This is why Corona has a different owner in the United States than everywhere else.

Deal facts

Announced
Closed
Value
$4.75 billion (enterprise value)
Buyer
Constellation Brands
Seller
AB InBev, Grupo Modelo
Assets
Corona (United States), Modelo Especial, Pacífico
Regulatory review
DOJ Antitrust 1:13-cv-00127 (D.D.C.) (Cleared with remedies, 19 April 2013)

Ownership changes recorded from this deal

OwnerOwnedRelationshipStakeFromTo
Constellation BrandsCorona (United States)owns100%2013-06-07present
Constellation BrandsModelo Especialowns100%2013-06-07present
Constellation BrandsPacíficoowns100%2013-06-07present
Grupo ModeloCoronaowns100%1925-01-012013-06-04
Grupo ModeloCorona (United States)owns100%1925-01-012013-06-07
Grupo ModeloModelo Especialowns100%1925-01-012013-06-07
Grupo ModeloPacíficoowns100%1900-01-012013-06-07

Who owns these brands today?

Regulatory review

United States Department of Justice, Antitrust Division — 1:13-cv-00127 (D.D.C.)

Cleared with remedies

The Department of Justice sued to block AB InBev's acquisition of the rest of Grupo Modelo, arguing it would raise beer prices in the United States. The parties settled with a proposed final judgment requiring AB InBev to sell Constellation Brands the perpetual United States rights to the Modelo brands and the Piedras Negras brewery, which is why Corona has a different owner in the United States.

Sources (1) & corrections

Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.

  1. [1] United States v. Anheuser-Busch InBev SA/NV and Grupo Modelo S.A.B. de C.V. — US Department of Justice, Antitrust Division, Regulator decision, published 19 April 2013; retrieved 6 September 2026.

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